happy anniversary to all those people who made money in gamestop maybe it's gone. time to move on.lways a bull market stwr i promise to try to find it for you right here on "mad money." i'm jim >>> if to florida and watch joe mess up daily. the new text messages just released by the january 6th committee. i'm kelly evans for shepard smith. this is "the news" on cnbc president biden addresses the nation. >> be concerned with omicron but don't be alarmed, and if you're unvaccinated you have some reason to be alarmed. >> as infections soar to new heights, his plan to ramp up the fight against covid-19. >> they are a game changer. >> thousands o

tonight's trader lineup, guy adami, nadine turman gamestop is getting in on the nft and crypto markets julia boorstin has more on this. julia? >> reporter: well, melissa, cnbc has confirmed with a source familiar with the situation that the video game retailer is launching a division dedicated to nfts and to cryptocurrencies. our source tells us that the company has hired more than 2 dozen people to focus on these new areas and to build an online platform to buy and sell nfts of virtual video game goods including avitar skins and weapons asking developers to list nfts on this new marketplace. now our source also tells us that gamestop is close to signing partnerships with two different crypto companies to partner on among other things developing games that use the blockchain as well as nft technology saying they do expect to work with a dozen or more crypto companies and potentially invest tens of millions of dollars in these platforms in this next year now the company is at nearly 660% in the past 12 months has been struggling to turn a profit this is one new area for it to focus and

>> yeah, i saw the gamestop news i guess the gamestop haters lose again because that's exciting for theould say is, it's too early to say who's really going to do something interesting in the block chain space or nft there's a lot of companies making early plays you've seen draft kings launch our marketplace. coin base has some intention there. even organizations like nike or adidas has started making plays. i think it's too early and the innovation is just starting. it's something i'm passionate about personally and i think it has a tremendous amount of consumer interest and interest in culture >> take us inside the meetings inside draft kings on this i think so many companies are thinking about nfts. everybody sounds like they want to have a quote/unquote marketplace of some sort it appears to me, at least, typically in the end when it comes to marketplaces there's only a couple of winners when it comes to a marketplace for nfts, right? >> draft kings got into -- their origin of doing the nft marketplace was really that we have over 10 million customers using, whether it's fantasy spo

plus, going long gamestop?edge fund did and it paid off big time we've got the details coming up. you're watching "fast money" live from the nasdaq market site 'rba rhtft ts. wee ckig aerhi e new ww personal points program. changed my life. you look great. no two plans are the same. you can even eat this and these in the same. i mean not at the same time. don't pay until spring. join today at ww.com. offer ends january 30th. what happens when we welcome change? we can make emergency medicine possible at 40,000 feet. instead of burning our past for power, we can harness the energy of the tiny electron. we can create new ways to connect. rethinking how we communicate to be more inclusive than ever. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change. faster. vmware. welcome change. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching

january 11th, 2021, the value of gamestop surged by nearly 13%, touching nearly $20 a share.ut four months before that, it was worth less than five bucks. by the end of january last year, it was up more than 1,800% and the term meme stock was born it's been a roller coaster ride since. gamestop down 52% since its peak yet one share is still worth $130 cnbc's leslie picker now lots of money made lots of money lost. >> yeah, that's right, shepp, one year ago, gamestop was struggling the company just announced it was shuttering hundreds of stores as the pandemic shifted buying habits online physical video games were becoming less popular. it seemed like the company was facing an existential crisis the entrepreneur sought a total transformation of gamestop and found his way into the boardroom. one year ago today igniting that fire under the stock it took off from there, thanks, in part, to a chorus of champions and rallied around the hedge fund, some of which had bet against gamestop, one, in particular, they targeted was melvin capital, which months earlier disclosed it was shor

in real big numbers, brian even big for gamestop.ing those options, some of which were only 19 cents, for instance, for those 50 calls, those 150 calls. gave the buyer, of course, the right to buy the stock at 150, which is now trading through 160. you paid 19 cents for something that went to $10 so your return on that just amazing. and a lot of these folks that were really hoping or maybe they were more than hoping, maybe they had an inkling that something like this may be coming, they had one day to be right. because they were buying them yesterday and here we get the news and they're cashing out, i'm sure, and feeling pretty good today >> so what you're saying, jon, if i'm reading between the lines, is that either a large group of traders just got spectacularly lucky in a 24-hour window or maybe not? i mean, it just -- the timing is coinc coincidental, as they might say. >> yeah. it certainly is, brian and, you know, i don't know that any of these folks really got the nod from the leadership over at gamestop, but this rumor was ci

we are seeing gamestop drop dramatically in the middle of the day.was sitting around the lows of march of last year, right now at about 120 -- it will be in the low 120s for it to get to the lowest level that's another rather notable decline again today for gamestop back to you. >> in a day of a lot of notable declines thank you very much. >>> now to rahel solomon for a cnbc news update hi, rahel. >> hi, kelly here is what is happening at this hour. >>> we begin in new york city where the death toll from the massive apartment fire has been reduced by two to 17 people. dozens of people were hospitalized the mayor, eric adams, says the impact of the fire is far reaching >> not only did this fire leave a burning pain in the hearts of people in this community, but it has left a burning pain in the children and the teachers and the faculties of this school >>> on the news tonight, searching for reasons why the fire spread so quickly and what could have limited the damage. that's tonight at 7:00 eastern >>> u.s. health secretary xavier bo sa bow b boceres

>> gamestop specifically maybe is gimmicky but i think overall a good move for gamestop if they can execute great for them. it is indicative of the macro trend that every company is looking to do something in crypto and integrate this into the business and take advantage of the benefits of decentralization and true ownership and send value without a trusted third party and that greater theme is more important than anything specific that gamestop or others are doing. >> i think one of the predictions is that stable coins will gain attention. whyis that >> absolutely. we are bullish on the use to stable coins there is a lot of volatility in crypto assets and for people that want to have something for payments and maybe escape currencies around the world this is a perfect venue to do that. stable coins anybody can hold, spend, borrow and use u.s. dollars and not widely available to the world and now it is and great for the world and the u.s. dollar and something that's going to power stable coins that are about $140 billion outstanding and will have $500 billion by the end of the year. >> than

coming up, it has been a year since the gamestop furor. remember that? we will be reflecting on the meme stock phenomenon that put robinhood in the hot seat and where the trading platform is headed. that is next. this is bloomberg. >> one year ago retail investors went all in on a few stocks including gamestop, amc, followed by various threads like wall street bets. this put robinhood in the spotlight and upended many headphone plans who are betting against such stocks. what have we learned one year later? let's begin. the partner and co-chief investment officer at regent atlantic and a man who we offer member where we were amid the meme stock renzi. it was -- frenzy. it was an extraordinary story. his reese tail -- is retail a bigger player now than it was then? >> know it is much smaller. i think that has everything to do with gamestop and how it played out for the smaller investor. it was not until the news had already broken until gamestop was up significantly that the retail investor opened a brokerage account ended their first options trade -- did

january 11, 2021 the value of gamestop surged by nearly 13% touching nearly $20 a share.ore that it was worth less than $5 bucks the stock was up 1800% and reached $347 a share and the term meme stock was born >> it's been a roller coaster ride since gamestop down 62% since its peak yet one share is still worth $130 leslie picker now. lots of money made, lots of money lost >> that's right, shep. one year ago game stop was struggling and the company had just announced it was shuttering hundreds of stores as the pandemic shifted buying habits online, physical video games were becoming less popular it seemed like the company was facing an existential crisis and ryan saw dollar signs instead of doom the entrepreneur sought a total transformation of gamestop and found his way into the boardroom. this newsi igniting a fire under the stock and thanks to a chorus of champions on reddit's wall street bets forum. they soon rallied around a common adversary and the hedge funds and some of which had bet against gamestop one in particular they targeted was melvin capital which months

we want to show you shares of gamestop. look at them popping, once again , at this hour.3.25%, but this is a story we'll be on the video game retail chain stock. david's and i say pleural, are banding together to tear down the wall street goliath. retail or individual investors have flooded a wall street- focused reddit chat room with the explicit goal of aiming their sling shots at big hedge funds that are short or betting against game shares, and in a stunning move, they appear to be preventing the shorts from making huge profits on the stock s decline. that was one year ago, the height of meme stock mania, when the reddit revolution grabbed the collective attention of millions of investors, wall street masters of the universe, and eventually regulators. it all began when individual investors gathered in reddit chat room wall street bets, banned together, and flipped the tables on the financial world goliath by piling into heavily shorted stocks and pushing them up. does the man who started the movement years ago believe the mania is over or just beginning? in a fox bus

coming up, a year since the gamestop chaos.racking robinhood results and reflecting on the meme stock phenomenon that put the trading platform in the hot seat. this is bloomberg. ♪ emily: a year ago this week thousands of retail investors went all in on a few failing stocks, including gamestop and amc following the advice from the reddit thread wall street bets. it upended many hedge fund plans and put robinhood in the spotlight and at the center of sec scrutiny. i want to talk about all of this and more with david chase, a former sec prosecutor. before we dive in, i'm looking at robinhood now, the shares are plunging after hours. they missed on revenue. they missed on monthly active users and there are certainly questions surrounding some of the regulatory issues here. what do you make of robinhood one year later after the mania that was gamestop? david: i would just say, how things have changed in the last amount of time since it filed and went public, with all of the anticipation about its revenues and profitability. clearly

gamestop, too, that stock is up 640% from where it was a year ago today.mpany with the ability to do things like pivoting to nfts and coming up with new strategies for the 21st century. so on balance it's been very good for certain stocks, but the truth is nobody took down any hedge funds, melvin capital had a horrible january last year, they were shorting gamestop, but then ever since they went up 33% from that moment, they got $2.5 billion worth of capital from other funds and they are doing just fine. it's an $11 billion hedge fund. you should see the way these people are living. you look at citadel, which supposedly was getting beat up by, quote, the little guy. citadel's flagship hedge fund called welington was up 26% last year, roughly in line with the s&p. so big money is doing just fine, nobody took down anybody, but it was an important moment because it did announce the entry to frank's point of this next generation of investors and they played this game very differently. >> let's talk about this next generation because it's really about feeling e

i believe gamestop was up 30% last night in after-hours trading when gamestop announced stuff it wasgoing to get into the nft and crypto marketplace. and with that, it was like game on with meme stocks. they trade in tandem. i think a -- amc was up double digits. but you look what happened, me and ellie, my producer, have been querying traders today what's going on? why did they peter out sod badly? gamestop might be closing a little higher, but it's still not up 30% today. it's more like up 4%. amc is up maybe 2%. why did it peter out so much? what they're citing is this: the highs that are achieved by these socks on supposedly good news are lower. the lows that are achieved on bad news -- earning, maybe just one major blockbuster for amc and other movies underperforming at the box office, the lows are lower. and it's a trading pattern in. now, that doesn't mean the stock's going to go down to three or one cent as rich greenfield, the analyst, predicts tomorrow. but this is a ring calculation brace going on with this. and if interest rates do rise, liz, that's going to be a recalibr

the hedge fund behind the gamestop trade says this will be a good year for stock pickers.e spoke to cnbc to reveal what he is buying now don't go anywhere. >>> welcome back to "power lunch. let's take a look at where the markets stand right now. 63 points higher on the industrial a yo-yo session. the s&p 500 a modest loss down a fifth of a percent maybe a sixthth. nasdaq composite often at 13464. it's been a week. >> topsy-turvy. >> it's going to be one of the worst januaries ever. >> ever. >> ever. >> depending on how much time? a couple trading sessions. tesla weighing on the nasdaq today but the best performer in the s&p look at service now which did post earnings and showed strong billings growth. best since 2018. a lot of traders pointing to results of microsoft and then service now to dispel the idea that software is facing a poths-pandemic hangover like we have seen with netflix and peloton. there's the bright spot tofd apple after the bell. >> always -- >> key. >> always, always interesting. never can predict and more on apple coming up. seema mody as a market flas

welcome, one and all let's start with gamestop today.ypto, cnbc confirming with a source familiar with the project gamestop is planning to establish new crypto partners, too. the shares were up 20% when the market open, but up less than 4% now. they're still down 70% from the 5-week high. deirdre, what is the opportunity here when there are lots of others doing nft platforms and the like >> and also when this was already announced but, you know, it is this kind of in the meme era say things like nft and crypto and your stock will get a pop. what is interesting, kelly, i looked at wall street's wrightup forum and the top post, it is not excitement over nfts and the business expansion the top post was a meme of a video that starts with the title "483 bag holder. what does 483 mean the top for gme shares they're down now at 136 and change so it is not having the same pull that it used to yes, nfts is exciting for this company. they're well-positioned to do this and be a leader, but it is not something that is new and there's still a lot of

again, reminding our viewers the outsized impact that gamestop had on returns for hedge funds almost a year later. >> thank you leslie. >>> further ahead on the show, investors displaying some anti-social behavior cnbc reporting catching the attention of the white house that's another one we will tell you about, the response to our exclusive poll when we return. the feel great hit of the holidays comes home. audiences give "sing 2" an a+. and a 98% on rotten tomatoes. you're a genius! momma always said "gunter, you're not as stupid as your papa." >>> welcome back i'm rahel solomon. here's your cnbc news update at this hour. in the leadup to next week's u.s./russia talks on ukraine, secretary of state antony blinken met with germany's foreign minister to present a united front they both see russia's actions a challenge to peace and stability in europe. >> we condemn russia's military build up ukraine's borders as well as moscow's increasingly harsh rhetoric as it continues to push the false narrative that ukraine seeks to provoke conflict with russia that's like the fox saying it had

after the hit shares of gamestop also thinking today.e got data about the performance of melvin capital, one of the hedge funds caught up on the short side of that meme trade. we'll bring you the news next. >>> check out some of today's top search tickers 10-year yield on top as it goes past 170 after those hawkish fed minutes. ford giving back a little bit of the recent gains, down 2.5%. tesla down almost 6. apple holds up better, down almost 2 and nvidia down 5.6. it is the biggest drag on the nasdaq 100 we'll be right back. -kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ when you're looking for answers, it's good to have help. because the right information, at the right time, may make all t

we're going to take a look at names like gamestop. lot of calls today, ge, ibm to sell, amd, intel we'll get to all of it after the break. new year, new start. and now comcast business is making it easy to get going with the ready. set. save. sale. get started with fast and reliable internet and voice for $64.99 a month with a 2-year price guarantee. it's easy... with flexible installation and backing from an expert team, 24/7. and for even more value, ask how to get up to a $500 prepaid card. get a great deal for your business with the ready. set. save. sale today. comcast business. powering possibilities. >>> today marks one year since ryan cohen was named to gamestop's board exciting the excitement in the reddit crowd 120 was the lowest since march. >> i think they're making the crypto move. i think that a lot of people have -- all they're doing is getting into something that is wrong. i want to look at it the other way. they're getting into something after it's come down, which i like i think they may have -- they can have an inte

. >>> we have a market flash on gamestop hi, julia. >> hi.r on a report by dow jones with the nft and cryptocurrency plan. "the wall street journal report"ing that gamestop hired 20 people to build the unit. the report also saying that gamestop is close to signing partnerships with two crypto companies to share technology and co-invest in the business to work with a dozen or more crypto companies in the coming year and to invest tens of millions into this as you can see it is really playing into that meme trade and the stock is up nearly 16%. >> thank you mike, it is so easy. 16% jump thank you. >> this is a $250 stock 6 weeks ago. 16%. about a billion and a half dollars on the market cap and the move seems like the intuitive direction to go. where is gaming going? what are meme stocks to capture? crypto energy out there. makes sen. you have open "c" that's the marketplace for nfts, a boom-bust stock. it doesn't really provide an answer to exactly how financially to have a way forward but they're fine in terms of capital they can expossibilit

it's happening after a report that gamestop plans to make a big push into the nft market space.rce familiar with the plan confirming the report to cnbc. the video game retailer planning to establish cryptocurrency partnerships from gaming gamestop was the center of a stock frenzy last year >>> taco bell ringing up subscription service for customer, the taco lover's pass, costs ten bucks a month and gets you a free taco every day. crunch yo one day, doritos loco the next the program is trying to get to you think outside the bun and live mas more often. >>> on wall street, the dow down 171, nasdaq down 5, i should say the s&p down 5 and the nasdaq down 19. >>> i'm shepard smith on cnbc. it's the bottom of the the hour. time for the top of the news >>> calls for a retrial in the ghislaine maxwell case her attorney's zeroing in on one juror's aftertrial remarks what he said that's raising questions. >>> the the world's number one tennis player fighting deportation. one of novak djokovic's biggest rivals weighs in >>> but first, the battle over the president's vaccine mandate heads t

that's right, shep one year ago, gamestop was actually struggling.had just announced it was shuddering hundreds of stores, as the pandemic shifted buying habits online physical-video games were becoming less popular. it seemed like the company was facing an existential crisis but, ryan cohen saw dollar signs, instead of doom the e-commerce entrepreneur sought a total transformation of gamestop and found his way into the board room this news one year ago today, igniting that fire under the stock and it -- well -- took off from there thanks, in part, to a chorus of champions on reddit's wall street bets forum they soon rallied around a common adversary, the hedge funds, some of which bet against gamestop one in particular they tarlgted was melvin capital, which had monthsearlier disclosed it was effectively short game stop. the wrong-way trade was partially responsible for melvin's losses of 39% in 2021 -- a year when the market was up 28% but not full fund managers suffered one notched 85% gains thanks, in part, to investing in game stop making it the

frank, can we know >> deirdre, number one, it's hard to forget gamestop shares are up 100% since last year, however they lost 25% since it was announced that ryan cohen would become the board chair. they rallied around cohen's so-called transformation strategy into the online retailer and quote, unquote, the amazon of gaming however, many analysts quoted gamestop's core business has shrunk dramatically from 97% of the market to 2013 to now only 45% of the market. gamestop now plans to open an nft marketplace including characters, outfits and weapons and nft hit 23 million last year and michael pacter says there's one crucial detail that needs to be worked out. gaming nfts generally don't give the buyer full ownership >> digital sale is a use license, limited use license you can't re-sell a digital copy so why would anybody assume that nfts created by game companies are going to be freely transferable no chance. >> ryan cohen bringing in -- >> ryan cohen bringing executives from chewy, the online pet retailer he founded to execute a plan that's been relatively light on detailing until

announced that ryan koen was nominated to be the board chair of gamestop.d resale traders rallied around his transformation strategy to turn it into a retailer, the quote/unquote amazon of gaming many analysts noted the actual physical copies of games gamestop's core business shrunk from 2013 to now only 45% of the market gamestop now plans to open up an nft marketplace focused on gaming, characters, outfits and weapons. e-trade hit 23 billion last year the web bush analyst says there is one crucial detail that needs to be worked out video game downloads generally do not give the buyer full ownership. >> digital sale is a use license, limited use license you can't resell a digital copy. so why would anybody assume nfts created by game companies will be freely transferrable. no chance. >> the co-founder bringing executives from the online pet retailer and amazon to execute the plan relatively light on details at least until last week shares are down 50% since matt furlong was named ceo him gamestop shares are down with some of the other most talked about nam

the idea that chewy could come over to gamestop's board of directors couldn't do anything that feelsthe buzz word. maybe what they really should do, i've been thinking about this because i'm a rigorous thinker, maybe they should have gone into dog toys that you can buy with dogecoin. do younger people go to a gamestop i mean, really if you've gone to the stores and seen how antiquatedthey are you've had a rude awakening. they knew they could beat the shorts it made no sense because there were no snorts it. i'm seeing many young investors getting blown to smithereens maybe are proud they smashed the short sellers. now it's time to buy stocks of what you know andif you truly snu knew gamestop and amc, you wouldn't like them here at all unless making money doesn't matter in which case you are better off watching football with a dozen apps every bit as good as robin hood. >>> i always like to say there's a bull market somewhere. right here on "mad money." ♪ ♪ >>> president biden warns the russians an invasion could change the world i'm shepard smith. this is "the news" on cnbc. >>> on th

i also told vlad on gamestop and dogecoin, that they have to educate they're people more. he would rather listen to portman, but i'm so old. i do this all the time. >> you do your best to help. >> i'm try to go help these guy. they're children vlad is a child. i love vlad. he has children. >> as for bed bath, this is from last night, i believe. take a listen. >> we are investing our cap ex, which is laid out clearly, in the infrastructure to build out the plan remember we're only three quarters into a three-year plan. we believe when we look at the long-term value of our stock, the current value is undervalued, and construct the ability to invest on behalf of the shareholder and what we think will be a profitable outcome. >> okay. so 24% sure, billion in cash, no debt market cap 1.3, buy buy baby worth 1.3, i told him yet if he doesn't break this up, he's crazy. harmon is a great outfit, kind of a junior ulta, and they are starting to close more, which is what i wanted him to do. they have enough money to buy back stock and do the chelsie bed bath is so beautiful this is a

gamestop is jumping on the nft bandwagon. has learned it plans to launch a marketplace and crypto partnership by the end of the year. over the last few months, gamestop has hired two dozen people to focus on crypto, this as the company looks at digital sales rather than its stores. next up, we will take a look at the home flipping business. as we head to break, i want to take a look at sonos, shares jumping, this following a ruling by the international trade commission that google must stop importing smart home devices using sonos patented inventions without permission. the case involved a range of google products, including the nest hub and pixel smartphones. this is bloomberg. ♪ ♪ ♪ emily: much has been said about zillow shutting down its home flipping operation, but with the company's efforts to sell off its inventory of homes, this has highlighted a truth of the business called ibuying. i want to bring in our guest. what exactly is ibuying? noah: it is a business model that has cropped up in the last couple of years, and

clearly gamestop having a big role to play they were famously short and had put options in gamestop shares so then they got caught on the other side of the short squeeze leading to major losses in the first quarter of the year. trying to recoup them, but still not entirely recouping them for the full year down 39.3% according to a source familiar with the numbers >> last january, yeah, it seems like a longer time ago leslie picker, thank you >>> a multi-year partner to introduce connected experiences across millions of vehicles starting in 2024 joining us now in an exclusive interview sop of devices and services david limp. if i'm like a lot of americans when i read, i was like, who this was when fiat chrysler and we were just talking cristiano about car innovation and you're doing this deal and focusing on firetv in car. why so much car news now >> well, i think it's the next place for us where we think this idea of ambient computing makes sense. there will be a day when cars are fully autonomous you want to keep your hands on the wheel and looking out and being safe and nothing better th

that really reached another dimension during the gamestop episode that happened exactly one year ago.t put robinhood on the radar of many more people and lead to a huge influx of retail investors. over the past year, robinhood had an ipo and is now a publicly-traded company, but its own stock price has been taking amid this slow grind of retail investors in the market. there is elevated participation, but nowhere what we were seeing a year ago when gamestop was reaching a fever pitch. emily: robinhood just put out a blog post reflecting on what a year it has been. robinhood put out a statement saying it was founded on a dream of helping more people invest in their futures. the retail investing revolution as shown is that a new generation of investors wants their voices to be heard. our work is just begun. what has changed? annie: you have seen investors come off this idea in the robinhood is purely a financial technology company doing things extremely different from other brokerages. right now, its brokerage in stock options, crypto trading, that is something that is available at othe

really, he's gotta make a choice between main street and wall street, meanwhile gamestop is your stock of the day, soaring on news they are entering nft and the crypto markets. now, every time the haters start to talk smack about certain individual stocks that are focused of the revolution, they seem to remind you of wiley coyote, super geniuses plus in the wake of elizabeth holmes guilty verdict, we're going to dive into the world of venture capital. they had their best year ever, but sadly, i can not say the same for the folks who bought their stocks, we'll have cio ann berry give us her take, all that and so much more on "making money." so it's the most anticipated economic report at any given month, normally, it's the jobs report, although you could say certainly recently the cpi report is just as important so this morning we got the december version of this , which was another bust that came in at 19 9,000. i gotta tell you the street officially was looking for 422, but some firms like goldman went up to 500,000 on their estimates now, immediately again, experts circled the wagons

some of the names he's long amc and gamestop matt, always good to speak with you.k >> happy to be here. thanks for having me >> i have to ask about amc as you know, every trade has an exit strategy. what is the exit strategy now that the stock is 77% below its 52-week high if you're hoping for the mother of all short squeezes, the ought opposite has happened. >> yeah, so i think i would look at that for a couple different ways of course, these are just my own opinions obviously, i'm not a financial adviser. since the start of 2021 until now, amc is up over 700%, fortunately, i got in at first around the $8 mark so i think it's good to kind of see where this entire saga has actually taken us. but for me, my personal risk, i have put money on the table that i'm willing to let this go to zero because beyond just liking the company, i really like what it stands for, from a symbolic nature, both amc and gme, fighting for market transparency >> are you hoping for the mother of all short squeezes? what do you think happens? does it ever get to that high again or is that j

here spent the last year writing about gamestop mania. want to hear about it. i'm dropping little tidbits of things i found out. i tell parts of the story that haven't been told. they're like, god, this is stranger than fiction. it should be a movie. it's being made into i think four different movies. it's a great feeling to be writing about something that's of such broad interest. but it's also a sign of definitely a frothy, bubbly behavior the way people approach this. i think there's no shortage of signs that writing is on the wall for sure. it's hard to say when it's going to result in some kind of reversal. >> it was a year ago this week that that game stop mania began. remember people called it the democratization. getting rich and sticking it to the man. what have we and haven't we learned? i get real worried when ordinary investors who don't remember the log-in normally for their 401k password are all of a sudden tied up in some of these things that seem like get rich quick schemes? >> yeah. it was like a twofer, especially for th

gamestop is one of the main stocks in trading overnight.'re hearing is that the company could lean into the online world, creating non-fundable tokens, creating virtual video games and weapons, looking to establish crypto partnerships for games and items. no doubt the online world will be closely watching the focus steps in that direction. back to you. >> i'm sure they will be inventing thems again, thank you. >>> it is a dream for a world war ii vet next. >>> and the tampa bay bucs give an toneio brown the official boot boot >> now if i had to guess i'd say somewhere upstairs there's a broken pipe. geico. save even more when you bundle home and car insurance at geico.com. ♪ when you have nausea, ♪ ♪ heartburn, ingestion, upset stomach... ♪ ♪ diarrheaaaa.♪ try pepto bismol with a powerful coating action. for fast and soothing relief. pepto bismol for fast relief when you need it most. want more from your vitamins? at nature's bounty, we give you more. more immune support. with the only vitamin c that lasts 24 hours. more restful sleep. with

gamestop short interest has come way down to just over 13% of the float.erest in general is actually near record lows even if bears are out there they're worried about being the next melvin on the wrong side of the queeze, guys. >> the bears are scared away i guess on the shorts. thank you. >> hibernating. >>> coming up, shake shack jumping today after the company released upbeat preliminary fourth quarter results we'll talk to the ceo. later jamie dimon sounding bullish about the u.s. economy. >> would have the best growth year ever this year i think since maybe sometime after -- before the great depression and so next year will be pretty good too. >> the global picture might not be as rosie why david malpass on the new warning about growth this year. check out the bond picture pop in yields that we have seen in recent sessions takes a pause today persons allowing buying. the 10-year yield caused consternation back down to just below 1.75 we'll be right back. there's this feeling we chase... like someone upped the brightness on the entire world. like your

jack: before the memers bite my head off, gamestop went from 90 bucks to 307. don't think it goes much higher from here. wall street analysts predict a price of $100 a barrel this year. year. why energy ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq whether you've enjoyed the legendary terrain in telluride, the unparalleled landscape of park city or the famed peaks of whistler, you face the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking, ship skis delivers hassle-free. ship ahead and go catch those first tracks on fresh snow. (vo) for me, one of the best things about life is that ship ahead and go catch we keep moving forward. we discover ex

average by user down 30% from a year ago think of last year, height of the gamestop saga. call still going on. i did speak to the ceo who spoke about growth and plan going forward. they plan to roll out tax advantage and retirement accounts looking like mid-year, they're setting aggressive targets for taking the crypt business international that should happen by the end of this year wallets expected to roll out by the end of this quarter. 2 million people on the wait list trading has been slower compared to last year, but picking up in the last days, but hard to predict this business saying the overall market trading volume to end find revenue and move in tandem and makes it a little bit unpredictable. i asked about m and a rumors they said they have been hit with that rotation at growth and remain incredibly optimistic about the road ahead and says robinhood plans to be a st standalone company going forward. creon the call say ceo saying they have a new partner on the crypto side that should improve the economics and benefit from rising interest rates on the cash accounts

jack: before the memers bite my head off, gamestop went from 90 bucks to 307. don't think it goes much higher from here. wall street analysts predict a price of $100 a barrel this year. why energy expert daniel yergin says don't count on it. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq i have moderate to severe ulcerative colitis. so i'm taking zeposia, a once-daily pill. because i won't let uc stop me from being me. zeposia can help people with uc achieve and maintain remission. and it's the first and only s1p receptor modulator approved for uc. don't take zeposia if you've had a heart attack, chest pain, stroke or mini-stroke, heart failure in the last 6 months, irregular or abnormal heartbeat not corrected by a pacemaker, if you have untreated severe breathing problems during your sleep, or if you take medicines call

, and now we've seen gamestop break below that 150 level, could potentially be a significant weight tonside i think this is a great way to play for some downside get ago two to one risk reward. >> that's very interesting dissection of that trade really cool to hear that let's move on to our second part of our consumer crossroads, carter in the middle of another covid winter, you're looking at a hotel stock that would be hilton >> that's right. and so to some extent this is the other side, some of the best performers today in the market, of course, were things that were post-covid or even as covid ends, which of course it seems to be. let's look at the first chart. this is hilhilton, and that lins now manipulated or drawn to fit. it is a 45 degree angle and hilton is checked back to the penny over and over and over every time it's bounced and importantly, look at where hilton is in relation to its pre-covid high, right? the covid high, the plunge, it's well above now by contradistinction, take a look at the sub sector that is the s&p 500 who tells reshotels resorts and cruises, expedia,

getting hit hard today as well gamestop is around where it was march of 2021.dropped noticeably in the middle of december to the 130 range but on very heavy volume there is something interesting happening here today it is down, dropping into the 120 levels but the volume is not heavy at all what does it suggest in the middle of december it suggests people wanted to sell now it is down but on very, very light volume this suggests there is not a lot of buying interest sort the opposite. soyou get normal everyday activity and it drifts lower because there is not a lot of buying this is a change in tone it seems to me based on simple technical analysis looking at gamestop we want to keep an eye on the meme stocks. >>> now we go to the other half of the law firm of pi sanny and santelli stocks are lower, and thenning a key level. rick santelli is tracking the action rick >> absolutely tyler. look at the 24-hour chart of tens drifting lower remember, we had a 30-year bond auction that capped the penny remunding of $110 billion from treasury and remember, it is thursd

they're like, we want to be hunting for the next big thing what is the next gamestop?t is the next amc they're saying, we can't find it on the wall street bets anymore. >> walk me through why you think options are interesting here, and are there calendar effects where we need to start paying closer attention to expirations, for example? >> so i think everyone is trying to figure out what led to this giant intra-day reversal in markets yesterday. what is leading to this insane volatility that we've been seeing the broader picture is, of course, uncertainty around the fed. all these other macro things on the table right now. some traders i was talking to yesterday were saying that options activity might have been playing a role in that giant intra-day reversal and potentially exacerbating some o the volatility we've seen in markets. options activity hit a record on friday options volume hit a high. they're saying maybe hedging activity by professional traders is exacerbating some of the moves as a secondary factor. >> just to look at the situation for retail investors, w

. >> dan, how much of it i'm looking around gamestop is still above 90 a share, amc is still above 15 bitcoin at the moment still a hair above 34,000. these aren't exactly like, i don't know, bargain basement prices by historical standards so at what stage, if this is a valuation reset, at what stage would this be? >> there's no chance i'm buying those. so what i'm talking about is real companies so it's names like facebook or google, guys that make lots of money, lots of profits, that are market share leaders, that are profitable today not ten years from now and not based off of some theme that you think crypto is going to take over the world so for us, this is looking for real companies and more skewed towards services versus products remember, in 2020 we had -- people were sitting on their peloton bikes watching netflix, ordering groceries off of amazon and signing their documents with docusign hopefully by this time next year i'm going to be sitting on a beach in hawaii on a surfboard in a hotel on a flight i just took so what you're spending money on as this pandemic turns into a

gamestop is getting into the tokens business. bloomberg learned of the plans to launch a marketplace. it is causing shares to surge. joining us, from singapore. bitcoin front and center. what do we know of gamestop's plan? why are they proving to be such a boost? >> well, there are not a lot of real specifics yet. it looks like they are going to try to putt pet up some -- set up some funds. maybe look into tokens that could be used but it is a little bit hard to tell exactly how they will fit in their established players already. some have not panned out the way people thought. there is a lot still to be determined. tom: bitcoin's price below $42,000. dow 3% currently. what is diving the selloff? p are we ghost close to a bottom? >> there are so many things that are kind of in the mix here. primarily, the fed and the potential that you're taking away a lot of that liquidity that has been sloshing around and allowed people to get into crypto. there is also the kazakhstan factor. a lot of miners went to china kazakhstan to mine. th

amc and gamestop both seeing heavy losses.he meme stock index, which the bloomberg tracks is down 60% over two months. investors are clearly being cautious in this area. finally, what were you doing in 1994? emily: i was just a little bit older than you. >> let's not go there. [laughter] it is interesting because the philadelphia semiconductor index also rebounded on monday. and good because it was having its worst start of the year since 1994. the worst 24 days of january going from december 31 until present day. it is the worst performance we have seen since this index began. take the bigger picture, the performance of this index and the gains it has seen in the context of the chip crunch is one to watch going forward emily: thank you. let's bring in analyst and ceo ben herron. -- been better herron. >> overall, i heard some chatter that this was a dip and people were -- people were saying optimistic they would buy on the debt. the question was how low some of those stocks would go. overall we are continuing to see so much d

dow jones reporting gamestop is entering the nft and crypto markets.y are building their own online marketplace that will launch later this year, hiring as many as 20 people to work on the new product. you see gamestop shares up 29% after hours. caroline: the meme stock has still got it would seem. now, this is a day of reflection because it is one year ago to the date that hundreds of supporters of the former president stormed the u.s. capitol, resulting in the deaths of several people. they were there for a rally to try to stop the certification of the rightly elected next president of the united states. that being joe biden. joe biden: the former president of the united states of america has created and spread a web of lies about the 2020 election. he built his lie over months. it was not based on any facts. he was looking for an excuse, a pretext to cover for the truth. he is not just a former president. he is a defeated former president. caroline: the events leading up to that day were largely organized online. through social media and yet as we m

amc and gamestop both seeing heavy losses. the mima stock index, a custom basket bloomberg tracks is down. investors being a little cautious in this area. and finally, what were you doing in 1994? emily: i was a little older than you. ed: i was probably still in nursery. whatever. but it is interesting because the philadelphia 70 -- the philadelphia semiconductor. the first 24 days of the month of january going from december 31 to present day, the worst performance we have seen tins the index began. take the bigger picture. look at the performance of this index and the gains it has seen. emily: i want to stick with today's tech market moves and bring in ben. how are you making sense of all of these big tech moves? >> overall, my sense, and i heard some chatter that this was a dip and people were optimistic about riding on the dip, i think the question is how low some of the stocks will go but overall we are seeing so much demand for a number of technology stocks. it seemed hard to read this as a giant market correction or that

a year since gamestop peaked, right?ulmination of the retail revolution that began during the bear market. a similar market to this in 2020. but the question now is this really gone? i want to hear from you, cvpayne. kneel young gave spotify an ultimatum. now he is left with empty pockets. will more artists do the same? we'll be right back. ♪. as a dj, i know all about customization. that's why i love liberty mutual. they customize my car insurance, so i only pay for what i need. how about a throwback? ♪ liberty, liberty, liberty, liberty ♪ only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ ♪ ♪ you can't buy love. or peace. you can't buy security. you can't buy happiness. you can't buy confidence. but you can invest in it. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. charles: the intersection alty, that is the word they use these days, pop culture, first amendment, celebrit